TWIN DESIGN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TWIN DESIGN
Largest movements
- Receivables within one year -€96,517
down €96,517 (-70.5%), from €136,920 to €40,403
of which Trade receivables: -€59,516
- Cash +€21,551
up €21,551 (+1,293%), from €1,667 to €23,219
mainly Receivables within one year (+€96,517) and Trade debts (+€23,991)
- Deferred charges and accrued income -€10,042
down €10,042 (-37.8%), from €26,563 to €16,521
- Tangible fixed assets +€2,000
up €2,000 (+68.7%), from €2,910 to €4,910
of which Furniture and vehicles: +€1,009
- Profit (loss) carried forward -€51,642
new in 2025: -€51,642
- Short-term financial debts -€30,898
down €30,898 (-100%), from €30,898 to €0
- Trade debts +€23,991
up €23,991 (+51.4%), from €46,681 to €70,672
- Debts after one year -€16,345
down €16,345 (-100%), from €16,345 to €0
- Tax, wage and social debts -€5,737
down €5,737 (-34.4%), from €16,669 to €10,932
of which Remuneration and social security: -€11,254
- Staff costs -€26,268
down €26,268 (-17.0%), from €154,405 to €128,137
- Taxes +€17,016
up €17,016, from -€17,016 to €0
- Gross operating margin +€11,883
up €11,883 (+14.7%), from €80,600 to €92,484
- Financial charges +€1,789
up €1,789 (+38.9%), from €4,605 to €6,393
- Depreciation +€1,092
up €1,092 (+80.5%), from €1,356 to €2,448
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,549 | €86,881 | -€83,668 | -49.1% |
| Fixed assets | 21/28 | €3,060 | €4,910 | +€1,850 | +60.5% |
| Tangible fixed assets | 22/27 | €2,910 | €4,910 | +€2,000 | +68.7% |
| Plant, machinery and equipment | 23 | €1,995 | €2,986 | +€991 | +49.7% |
| Furniture and vehicles | 24 | €915 | €1,924 | +€1,009 | +110% |
| Financial fixed assets | 28 | €150 | €0 | -€150 | -100% |
| Current assets | 29/58 | €167,489 | €81,971 | -€85,518 | -51.1% |
| Stocks and contracts in progress | 3 | €2,338 | €1,828 | -€510 | -21.8% |
| Stocks | 30/36 | €2,338 | €1,828 | -€510 | -21.8% |
| Amounts receivable within one year | 40/41 | €136,920 | €40,403 | -€96,517 | -70.5% |
| Trade receivables | 40 | €74,294 | €14,778 | -€59,516 | -80.1% |
| Other amounts receivable | 41 | €62,626 | €25,625 | -€37,001 | -59.1% |
| Cash at bank and in hand | 54/58 | €1,667 | €23,219 | +€21,551 | +1,293% |
| Deferred charges and accrued income | 490/1 | €26,563 | €16,521 | -€10,042 | -37.8% |
| Total equity and liabilities | 10/49 | €170,549 | €86,881 | -€83,668 | -49.1% |
| Equity | 10/15 | €40,372 | -€11,270 | -€51,642 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €21,780 | €21,780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Other | 1319 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €19,797 | €19,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€51,642 | -€51,642 | |
| Amounts payable | 17/49 | €130,177 | €98,151 | -€32,026 | -24.6% |
| Amounts payable after more than one year | 17 | €16,345 | €0 | -€16,345 | -100% |
| Financial debts | 170/4 | €16,345 | €0 | -€16,345 | -100% |
| Amounts payable within one year | 42/48 | €113,808 | €97,949 | -€15,860 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €19,560 | €16,345 | -€3,215 | -16.4% |
| Financial debts | 43 | €30,898 | €0 | -€30,898 | -100% |
| Credit institutions | 430/8 | €30,898 | €0 | -€30,898 | -100% |
| Trade debts | 44 | €46,681 | €70,672 | +€23,991 | +51.4% |
| Suppliers | 440/4 | €46,681 | €70,672 | +€23,991 | +51.4% |
| Taxes, remuneration and social security | 45 | €16,669 | €10,932 | -€5,737 | -34.4% |
| Taxes | 450/3 | €1,318 | €6,835 | +€5,517 | +418% |
| Remuneration and social security | 454/9 | €15,351 | €4,097 | -€11,254 | -73.3% |
| Accrued charges and deferred income | 492/3 | €24 | €202 | +€178 | +751% |
| Remuneration, social security and pensions | 62 | €154,405 | €128,137 | -€26,268 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,356 | €2,448 | +€1,092 | +80.5% |
| Other operating charges | 640/8 | €8,794 | €7,817 | -€977 | -11.1% |
| Gross operating margin | 9900 | €80,600 | €92,484 | +€11,883 | +14.7% |
| Operating profit (loss) | 9901 | -€83,955 | -€45,919 | +€38,036 | +45.3% |
| Financial income | 75/76B | €1,163 | €671 | -€493 | -42.4% |
| Recurring financial income | 75 | €1,163 | €671 | -€493 | -42.4% |
| Financial charges | 65/66B | €4,605 | €6,393 | +€1,789 | +38.9% |
| Recurring financial charges | 65 | €4,605 | €6,393 | +€1,789 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | -€87,396 | -€51,642 | +€35,754 | +40.9% |
| Income taxes | 67/77 | -€17,016 | €0 | +€17,016 | |
| Profit (loss) for the period | 9904 | -€70,381 | -€51,642 | +€18,739 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,381 | -€51,642 | +€18,739 | +26.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.